Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 235.24

+4.5%

3:59 PM EST

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To: mitch-c who wrote (45044)	4/4/2001 3:42:09 PM
From: Jacob Snyder	Read Replies (2) of 70976

ST trading Buying calls today looks dangerous. If we were bouncing at 40, that might be a good play, but we aren't. Looks like we're heading toward a close that takes out all lows except the lowest 12/00 low. I suppose there is a chance we re-establish support here, but it's equally possible we just keep on sliding. On a lot of the boards, the semi-equips are being mentioned as the last overvalued sector, and good short candidates. I think I'll just stand aside, and wait till things get clearer. I was afraid to hold shorts when the stock was closing above 50, and I'm equally afraid to be long when it looks like support at 40 may be failing.

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